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The pasta market is set to grow at a CAGR of 5.28% by 2026. As per the market research report, the market will hit USD 67,987.1 million in terms of valuation by the end of 2026. The market growth will be driven by the growing consumer demand for healthy food & beverages. Based on the research report, the increasing demand for convenience food will accelerate growth in the market till 2026. Although high market competition will have a negative impact on the global pasta market’s growth during this period. The concentration of several strong players is predicted to be a key challenge which could become a strong threat to companies.
The market report published by expert analysts includes primary and secondary data and suggests that distribution channel and source segments are anticipated to witness tremendous growth till 2026. Factors such as ready product availability and easy production will become key growth drivers during the forecast period and rapid growth of the foodservice industry is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by the lack of effective communication which could negatively affect activities taking place across the market. Concerns regarding side effects are another challenge the market could face till 2026.
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